Dogecoin Now Available At eToro

Dogecoin Now Available At eToro

eToro, the world’s leading social trading and investment platform, has recently announced that it will be adding Dogecoin to its list of supported cryptocurrencies. This means that you can buy DOGE from any supported eToro county, including the US. What was originally dubbed a joke coin is quickly gaining popularity around the world.

Earlier this month, the Shiba Inu dog-branded cryptocurrency increased its value by 11,000%. This phenomenal rise is partly due to Tesla’s CEO, Elon Musk’s comments supporting the coin. The world-famous entrepreneur hinted that Dogecoin (DOGE) could start being accepted as payment for his electric cars. He also recently tweeted that he is working with the coin’s developers to improve its efficiency.

Perhaps paradoxically, Musk’s recent hosting of Saturday Night Live (SNL) resulted in a significant price drop for Dogecoin. Analysts blamed this on the CEO’s jokes regarding DOGE. Whilst it was trading at $0.71 on the morning of the 8th of May, it dropped to $0.44 just over a day later.

All is not lost for Dogecoin, however, as its price has started to rebound. In fact, at the time of writing (14th May) its price is once again rising past $0.54. This increase is fuelled by the fact that eToro announced that it will be allowing users to buy and sell DOGE. As a result, many are seeing this as an opportunity to buy Dogecoin and ride the likely upcoming wave.

This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.

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